United Drilling Tools Ltd

Shares of Oil India added 2.10% to Rs 386.10 on the BSE. The order involves the supply of a heavy-duty, truck-mounted dual-drum hydraulic wireline unit with a PTO (power take-off). The procurement of these winches, equipped with zone 2 power packs and specialized electrical systems, marks a significant step forward. These winches are specifically designed to operate safely in hazardous environments, such as oil wells with potential explosive gas leaks. These specialized units will be used for executing complex down-hole operations in oil and gas wells for Oil India and will be delivered over a period of 4-6 months. This order marks another milestone in the long-standing relationship between United Drilling Tools and Oil India, reaffirming UDTL's position as a trusted provider of advanced technology and equipment for the oil and gas sector. Over the years, UDTL has built a strong and enduring relationship with both Indian and international customers, consistently delivering top-tier equipment, products, and services to support their operations. Commenting on the order book position, Manoj Kumar Arora, chief financial officer of the company, stated, 'This order further reinforces Oil India Limited's trust in our quality, technical expertise, and commitment to providing cutting-edge solutions for the oil and gas industry. We look forward to continuing our long-standing partnership and contributing to the customer's success with our reliable, high-performance equipment.' United Drilling Tools is a leading manufacturer of oil drilling-related equipment in the country. The company has obtained global quality standards for its major products. Oil India is a state-owned Maharatna under the administrative control of India's Ministry of Petroleum and Natural Gas. As of 31 December 2024, the Government of India held a 56.66% stake in the company.Powered by Capital Market - Live

Net profit of United Drilling Tools rose 9.05% to Rs 2.65 crore in the quarter ended December 2024 as against Rs 2.43 crore during the previous quarter ended December 2023. Sales declined 0.18% to Rs 33.89 crore in the quarter ended December 2024 as against Rs 33.95 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales33.8933.95 0 OPM %15.856.60 - PBDT4.884.73 3 PBT3.613.49 3 NP2.652.43 9 Powered by Capital Market - Live

United Drilling Tools announced that the Board of Directors of the Company at its meeting held on 7 February 2025, inter alia, have recommended the Second Interim dividend of Rs 0.6 per equity Share (i.e. 6%) , subject to the approval of the shareholders.Powered by Capital Market - Live

United Drilling Tools will hold a meeting of the Board of Directors of the Company on 7 February 2025.Powered by Capital Market - Live

The said overseas order comprises the supply of Survey Line Winch and Integral Blade Stabilizers, which are critical tools in advanced drilling operations. The delivery of these high-products is scheduled to be completed over a period of six months, aligning with UDTL's commitment to meeting client requirements with efficiency and excellence. This order highlights UDTL's expertise and firm focus on delivering superior products that cater to the evolving needs of the global drilling industry and also marks the beginning of a long-term strategy to expand further into the international market, it added. The company worked closely with local distributors and partners to ensure that their products aligned with Taiwan's regulatory standards and consumer preferences. Manoj Kumar Arora, chief financial officer (CFO), UDTL, 'This success is the result of our team's dedication, the thorough market analysis we conducted, and our ability to adapt our offerings to meet local demands. Taiwan is an important market for us, and we are eager to continue growing our footprint in Asia.' Magitech International is a renowned service provider specializing in vertical and horizontal drilling industries, catering to sectors such as oilfield, geothermal, deep water wells, HDD, pipe jacking, micro tunneling, tunneling, and underground pipeline projects across Taiwan, Thailand, and China. United Drilling Tools is a leading manufacturer of oil drilling-related equipment in the country. The company has obtained global quality standards for its major products. The company's consolidated net profit rallied 79.2% to Rs 4.14 crore on 55.6% increase in net sales to Rs 48.85 crore in Q2 FY25 over Q2 FY24.Powered by Capital Market - Live

Net profit of United Drilling Tools rose 79.22% to Rs 4.14 crore in the quarter ended September 2024 as against Rs 2.31 crore during the previous quarter ended September 2023. Sales rose 55.62% to Rs 48.85 crore in the quarter ended September 2024 as against Rs 31.39 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales48.8531.39 56 OPM %15.5015.42 - PBDT7.354.85 52 PBT6.203.58 73 NP4.142.31 79 Powered by Capital Market - Live

United Drilling Tools will hold a meeting of the Board of Directors of the Company on 12 November 2024Powered by Capital Market - Live

United Drilling Tools announced that the 42th Annual General Meeting (AGM) of the company will be held on 25 September 2024.Powered by Capital Market - Live

United Drilling Tools announced that the Board of Directors of the Company at its meeting held on 13 August 2024, inter alia, have recommended the first interim dividend of Rs 0.6 per equity Share (i.e. 6%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Net profit of United Drilling Tools rose 183.66% to Rs 4.34 crore in the quarter ended June 2024 as against Rs 1.53 crore during the previous quarter ended June 2023. Sales rose 209.38% to Rs 54.42 crore in the quarter ended June 2024 as against Rs 17.59 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales54.4217.59 209 OPM %14.4820.98 - PBDT7.513.38 122 PBT6.222.16 188 NP4.341.53 184 Powered by Capital Market - Live